Form 4: M&T Bank Corp Executive Vice President Michael J. Todaro Sells Shares
SEC Form 4
Michael J. Todaro, a Senior Executive Vice President at M&T Bank Corp, sold 4,791 shares of common stock at a price of $162.575 on August 9, 2024.
Summary
- On August 9, 2024, Michael J. Todaro, a Senior Executive Vice President at M&T Bank Corp, sold 4,791 shares of the company's common stock.
- The sale price was $162.575 per share.
- Following the transaction, Todaro directly owns 3,086 shares of M&T Bank Corp common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing (Form 4) detailing a stock sale by an executive. It doesn't inherently convey positive or negative sentiment, but the market may react based on their interpretation of the sale.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders and provide transparency into their transactions in the company's stock. It is difficult to determine the context of the sale without more information.
Stakeholder Impact
- The stock sale could potentially influence investor sentiment, depending on the size and context of the transaction.
Key Dates
| Date | Description |
|---|---|
| 08/09/2024 | Date of stock sale transaction |
| 08/13/2024 | Date of signature on the Form 4 filing |
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